GM Financial Names ADESA San Diego 2011 Auction of the Year
GM Financial named ADESA San Diego (California) as its 2011 Auction of the Year as part of the company’s nationwide Auction of Excellence program.
FORT WORTH, Texas — GM Financial named ADESA San Diego (California) as its 2011 Auction of the Year as part of the company’s nationwide Auction of Excellence program.
Every year, GM Financial representatives review the performance of participating auctions in a variety of categories, including customer service, marketing promotions, pre-sale activities and overall auction success to select its Auction of the Year.
“The level of customer service at ADESA San Diego is unparalleled, and they consistently look for ways to make improvements to an already great operation,” said Dan Heinrich, GM Financial vice president of Asset Remarketing. “Their effectiveness in communicating with our auction representatives has been the key to their success.”
Joe Samuel, general manager of ADESA San Diego, said, "It’s an honor to win this award. We are absolutely thrilled to win it this year.”
ADESA San Diego received two quarterly Auction of Excellence awards for the West Coast region from GM Financial in 2011, but this is their first Auction of the Year award.
The other 2011 regional winners are:
• Midwest – ADESA Des Moines, Grimes, Iowa
• Northeast – Manheim Harrisonburg, Va.
• Southeast – Rawls Auto Auction, Leesville, S.C.
• Southwest – ADESA Austin, Texas
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →